AN ACT relating to housing districts.

Create new sections of KRS Chapter 65 to define terms; establish the process for a local government to establish a residential infrastructure development district and for dissolution of a district; authorize a local government to issue bonds and other obligations to pay for infrastructure costs within a residential infrastructure development district; authorize a local government to collect special assessments on property within the residential infrastructure development district to pay for infrastructure costs and use special…

Housing, Building, and Construction Land Use Local Government

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This bill creates two new tools that local governments in Kentucky can use to encourage housing construction. The first allows local governments to set up special districts where they can issue bonds and collect fees from property owners to pay for infrastructure like roads and utilities needed to support new homes. The second allows local governments to create housing development districts where developers can receive financial incentives to build housing, and where certain planning and…

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